Malware Hunter Alert: New App Offering Users Free Bitcoin And ETH Is Attacking Unassuming Users
Malware Hunter Alert – New App Offering Users Free Bitcoin And Ethereum Is Attacking Hapless Users
According to a recent tweet by a self-professed ‘independent malware hunter', and TNW there is a new app which professes to provide users with a rare chance of winning $45 a day worth of free Bitcoin. The hunter has since raised the red flag that this is the most recent in a line of scams hitting the app store world, it reported back on May 20th.
The program, which was known as Bitcoin Collector, advertises itself as a website which provides users with a sharable, unique User link (URL) which they can send to their friends for a chance to win payouts of approximately 3 ETH or around $900 as of this report. This is wholly dependant on whether or not a substantial amount of people click on the link – and in order to win this much ETH, 1,000 people or more need to click on it.
According to this independent researcher, who also goes by the name – ‘Frost' on his social media account – the app is merely operating as a thinly veiled method of stealing the login credentials of anyone foolish enough to click on the link, thereby stealing their digital assets and money.
Upon first downloading this software, ‘Bitcoin Collector‘ launches ransomware on the individual's software, warning them that all of the information within their computer has been encrypted through ‘Using the most cryptographic algorithms,' further adding that:
“No system administrator in the world can solve this problem without knowing the password.”
More recently, this scam has taken on the shape of an augmented Trojan virus, allowing for these scammers to steal anything ranging from an innocent users cryptocurrency assets and holdings, their whole wallets, sensitive information, folders, files and login details, all before taking screenshots of their browsing history in order to put them to more extensive use.
The worst part of this whole experience for users is that they will otherwise be completely unaware that the attack took place. Malicious entities and software like this attempts to trick otherwise unwitting and inexperienced enthusiasts in the crypto world, and unfortunately, this is highly common within this region of investing. There were reports released as of last week which has found a number of apps downloadable through the App Store Google Play had been imitating the digital hardware wallet Trezor in order to dupe users out of their assets.